​Grexit vs. Iceland and David Merkel on Markets

Published time: 16 Jun, 2015 07:07

Reuters/Alkis Konstantinidis / Reuters

The European Union’s anti-trust chief says Amazon has gotten too big for its own good. On Monday, Margarethe Vestager spoke in Paris about competition policies, just a week after she opened an investigation into Amazon for possible anti-trust regulations. The EU has alleged the e-commerce giant is leveraging its monopoly status to hurt its competitors, specifically as it pertains to eBook deals with publishers. Boom Bust’s Ameera David weighs in.

Then, Ameera sits down with David Merkel, president of Aleph Investments and blogger at The Aleph Blog. David gives us his take on bond market illiquidity and tells us the likelihood of the Fed’s raising rates’ leading to a meltdown in equity prices. He also tells us what sectors could outperform when rates do rise.

After the break, Ameera is joined by RT Arabic correspondent Reema Abuhamdieh. Reema tells us about her recent interview with Speaker of the Iraqi Parliament Dr. Salim al-Jabouri and what he had to say on the Iraq economy, oil, and fighting ISIS.

Afterwards, Ameera and Erin Ade discuss more market news. China is slated to pledge a multi-billion dollar investment in Europe’s new infrastructure fund, which seems like a major step for China in its efforts towards shaping global economic governance away from the US. Erin also tells us about US mortgage lender Quicken Loans lawsuit against the US Justice Department over mortgage loans Quicken made that the US government deemed “fraudulent.”

And in The Big Deal, Ameera and Edward Harrison discuss what Iceland’s example provides for us in understanding options available to Greece.